Hong Kong leads Asian stocks lower, oil fragile at five-month lows
Asian shares slumped on Thursday as the Hong Kong market was hit for the second straight session following a day of massive street protests, while oil prices flirted with five-month lows due to higher U.S. crude inventories and a bleak demand outlook.
Alibaba files to list in Hong Kong as soon as third quarter: source
Chinese e-commerce giant Alibaba Group Holding Ltd has filed confidentially for a Hong Kong listing that will take place as soon as the third quarter of this year, a person with direct knowledge of the matter told Reuters.
India’s Jet Airways plunges as bourse moves to limit speculative trading
Shares of Jet Airways sunk over 23% to a record low on Thursday after India’s largest stock exchange said the carrier would soon no longer be traded in the derivatives market, while day-trading in the stock would also be barred, in a bid to curb specul…
Sweden’s Saab backs out of Swiss fighter jet test flights
Saab will not test its Gripen fighter jet this month in Switzerland, the Swedish company said on Thursday, after the Swiss defense procurement agency recommended against it on grounds the plane would not be operationally ready in 2019.
BMW affirms target to hike sales as China drives May deliveries
German luxury carmaker BMW affirmed its target to increase sales this year after group sales rose by 3.2% in May year-on-year, driven by strong demand from mainland China.
France’s Le Maire says he will meet Renault chairman on Thursday
French Finance Minister Bruno Le Maire said on Thursday he would meet Renault chairman Jean-Dominique Senard later in the day and reiterated that a merger with Fiat Chrysler remained an interesting option for Renault.
Alibaba files for Hong Kong listing: source
Chinese e-commerce giant Alibaba Group Holding Ltd has filed confidentially for a Hong Kong listing, according to one source familiar with the matter.
Lockheed Martin says cost cut plan for F-35 jets ahead of schedule
Lockheed Martin said on Thursday it was on track to cut the cost of its F-35 fighter jet A variant to $80 million per jet a year ahead of its original target of 2020.
Packager DS Smith says stocking up on spare parts ahead of Brexit
Packaging products maker DS Smith Plc said on Thursday that it had made plans for contingency stocking of spare parts as it readies for Britain’s planned exit from the European Union, but expected disruption to its operations to be “relatively containe…
Britain’s PwC fined $5.8 million over audit of Redcentric
Britain’s accounting watchdog said on Thursday it had fined PwC 4.55 million pounds ($5.8 million) for failing to challenge management at IT services company Redcentric where a 20 million pound hole was later found in the books.
